Guarantee Fund for the Support of Entrepreneurship starts to operate in Belarus

04.04.2019

It will be easier for small and medium businesses to get loans. A Guarantee Fund for the Support of Entrepreneurship started to operate in Belarus. From now on, representatives of business, applying for a loan to the bank, may not have a pledge for the entire required amount and can use the guarantee of the fund, which will provide a pledge in the equivalent of 60% of the loan. The rest will be provided by the client. The agreement with the fund has already been signed by three banks. This year it is planned that the banks in cooperation with the Fund will be able to issue loans worth of 20 million Belarusian rubles and pledges worth of 12 million.